How COVID-19 Could Bring New Opportunities for Commercial Real Estate in 2021
by Neil A. Dolgin It’s no secret that the collateral damage to virtually every industry wrought by the pandemic over the past year has been swift and unprecedented. Commercial real estate (CRE) hasn’t been spared. Following the nationwide lockdown last spring, CRE firms both large and small have been forced to downsize, digitize operations and… Read more »
The Wealthy Are Leaving New York As City Undergoes Monumental Demographic Shift
The New York metropolitan area lost 70,000 people during the coronavirus pandemic, equating to tens of billions in lost income for the city. In total, about 3.57 million people left the city from Jan. 1 through Dec. 7, Reuters reported, citing data from Unacast. Around 3.5 million people moved in during that time; however, they… Read more »
How KDA Has Helped Tenants Weather the Pandemic – and Why Commercial Real Estate May Rebound Faster Than Most People Think
By Neil A. Dolgin Nearly nine months into the pandemic, the long-term impact on commercial real estate is still anybody’s guess as virtually every industry continues to feel the economic fallout. Over the past month in New York City alone where life finally appears to be returning to some normalcy, multiple hotels, including the Times… Read more »
It’s a Broker’s Market
We will talk more about the commercial and industrial marketplace in additional posts over the next weeks. Right now we think this is a terrific marketplace for brokers. So we’d like to welcome the newest member of the KDA broker team, Max Duclos. As Max and our brokers canvas neighborhoods, we’re seeing an influx of… Read more »
Food and beverage sector gains ground in warehouse leasing
Home of the Blue Point Brewery and event space with 100,000sf of space on nearly 10 acres at Patchogue Lake, with great water views and an iconic clock tower as it’s focal point. A recent multi-million-dollar renovation was made to accommodate the brewery which is equipped with an entertainment venue as well as tasting rooms… Read more »
Amazon distribution center planned for Carle Place site
Developers are planning to convert a former retail site in Carle Place into a distribution center for Amazon. The 7.4-acre site at 2 Westbury Ave. was formerly occupied by a 56,000-square-foot Waldbaum’s supermarket that has been shuttered and vacant for more than four years. Long Island Business News Photo by Amazon